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20121101
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Search Results 0 to 13 of about 14 (some duplicates have been removed)
the murder investigation. >>> coming up in the cnn newsroom, u.s. congress returning on tuesday with all eyes focused on the fiscal cliff. >>> and black friday has come and gone and now the best barringians are 48 hours away, perhaps, on cyber monday. we'll have tips you need in order to try and save some cash this holiday season. "your money" starts right now. >>> for months i wornd you about the economic storm of the dangers of going over the so-called fiscal cliff. the one washington created. it seems with the noise of the campaign behind us, washington is listening which means that after several months of harping on the dangers that you face, i'm ready to make a big switch to telling you about the opportunities that lie ahead. i'm ali velshi and this is "your money." i will not drop this issue until it is settled. then we have the debt ceiling debate. but there is life after washington induced catastrophe. frankly, it looks like a pretty good life. if all goes according to plan, 2013 could be a big turn around year for the u.s. the start of a recovery that feels real. most of it will have
do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other taxes as well he's talking about. taxes on investment gain would also go up. the capital gains tax wou
to studies, the average household could pay $3500 more in taxes. unemployment in the u.s. which has come down to 7.9% could head back up above 9% by this time next year. the u.s. could join europe which has been hit by a double dip recession. and according to a pugh research/"washington post" poll, you clearly understand the danger of this fiscal cliff. 68% say it will have a major effect on the economy. 21% say just a minor infect. only 2% say no effect. 10% say they don't know which is why you're watching this right now. president obama's solution to all this is to make a deal centered around increasing taxes on the wealthy which will go a good part of the way to raising the $1.6 trillion in new revenue that he wants to raise over the next decade in his attempt to reduce the federal deficit. he wants to let the bush era tax cuts expire. if that happens, the top tax rate on income would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second top rate would go from 33% to 36%. now this is what president obama campaigned on. he's been vague about the spec
turnaround year for the u.s. the start of a recovery that feels real. most of it will have very little to do with washington policy, though your state and federal government will have to step in to make it happen. let me explain. first, there is an energy boom under way in the united states right now. fueled by the joint forces of hydraulic fracturing or fracking of natural gas out of shale and buy mo by more drilling for oil. natural gas is increasingly cheap and abundant and not only used for gas in homes and businesses but for the manufacturing generation. it's not just about cars and homes, more domestically pro du duced energy will provide fuel in manufacturing goods. combine them with rising costs in china and other countries and already high shipping costs, and you make made in america products more attractive to people abroad, and that's good. home sales rising for the first time in years. construction is start to go pick up. and historically low interest rates now averaging below 30% for a 30-year fixed mortgage will only fuel a rebound next year. and remember, a house will still be
." david walker spent a decade overseeing the federal government, how it spends your tax dollars as the u.s. comptroller general. today he's the ceo of comeback america and he's a deficit hawk. the ceo of pimco. hisfirm is one of the largest investors of bonds, and steve moore is a conservative, founder of club for growth and a writer at the wall street journal. i'm going to start with you, steven, my good friend. the fiscal cliff is an immediate threat. both parties need to come together to fix it, because not fixing it would set even fiscal conservatives back, don't you agree? >> yeah, and i think other conservatives agree that he don't want to go off this fiscal cliff, either. i think one hangup that will start on tuesday is the president will say, look, i was reelected to raise those tax rates on the rich, and you know what those republicans are saying in the house, ali? well, you know what, we were electing not to raise those tax rates. you can get agreement on entitlement reform, raising revenues and do some common sense things to get control over the next ten years. we're not that fa
michigan has more. but that number would be much smaller if the u.s. government hadn't bailed out the automakers. let me say that again. the number would be much smaller if they hadn't bailed out the automakers. the center for automotive research found that between 2009 and 2010, the bailout saved 1.5 million jobs across the u.s., save $$100 billion in personal kmk and saved the government $29 billion in what would have been lost revenue. it did still cost the government money though. here's why it matters. both presidential candidates spent millions of dollars campaigning in this state. president obama leads mitt romney, barely in, a race this tight the auto bailout could swing the vote. now survey conducted by ohio newspaper organization finds that 29% of likely voters are more likely to vote for obama because of the auto bailout. that's compared to 21% who say they are less likely to vote for him as a result. mitt romney tried to cut into the president's support with this ad. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jee
a decade oversaeg the federal government, how it spends your tax dollars as the u.s. comptroller general. today he's the ceo of come back america. he's an unapologetic deficit hawk. mohammed al arian is the ceo of pim he could. his firm is the largest investors in bonds. and stephen moore is the founder of the low tax advocacy group club for growth. i'm going to start with you, stephen. my good friend, the fiscal cliff is the immediate threat both parties need to come together to fix it because not fixing it would set even conservative fiscal causes back, don't you agree? >> yeah. i think most republicans agree. they don't want to go off this fiscal cliff either, ali. i think the one hang-up in negotiations which will start on tuesday is the president says, look, i was re-elected to raise those tax rates on the rich. you know what the republicans are saying in the snous you no he what? we were reluctant not to raise the tax rates. i think if the president takes the tax rate increases off the table, you can get an agreement on entitlement reform, getting more revenues and doing some kind
says he sees the u.s. heading in the direction of greece, is that a real probability? >> i think there's still something of a gap between the u.s. and greece, but we have been, for a long, long time, we have been very, very worried about the deficit, about the buildup of debt in america. to compare it to greece is quite an extraordinary one. if you go to greece, you wander around athens, you have the threat of ethnic violence. i think all presidential candidates are allowed a degree of hyperbole, but i think on that particular question he's got a long way. >> other nations are looking forward to this election because they're thinking about the trade opportunities, they're looking at the promotion of peace, they're looking for opportunities of diplomacy. but is there more at stake in this election, 2012, that we didn't see in 2008? >> i think there probably is from a realistic stand. one one, it's very close. two, with romney we don't know exactly what sort of foreign policy he would follow. the romney of the most recent debates was saying very different things than what was being said
Search Results 0 to 13 of about 14 (some duplicates have been removed)